Please follow the below process to close the account.
a) Account Closure Form duly sign by Successor. Format attached here
b) Original OR Copy of the death certificate of the deceased holder (s) duly notarized.
c) Letter of Indemnity executed by the applicant(s) on nonjudicial stamp paper of Rs 500/-duly notarized. Format attached here
d) Affidavit from the applicant executed on non-judicial stamp paper of Rs 100/- duly notarized. Format attached here
e) No objection letter(s)’ from all legal heir(s) . Format attached here
f) Letter from Successor for closing the demat account.
g) Address proof and photo id proof of Successor duly self attested.
h) Declaration Letter2 in case Transaction done in account after death of holder along with DP Transaction Statement from date of Death to till date duly self-attested by Successor. Format attached here
i) Debit Balance should be cleared by Surviving Holders If debit balance in account. Keep photo copy of all documents for reference.
j) Ration Card copy or other proof require for confirmation of family member relationship
k) Require cancelled cheque with IFSC code and pre-printed name of the claimant / Nominee for fund payout.
l) Annexure for Details of Securities. Format attached here
Note 1 - In case name mismatched of Death holder (in Demat Records and Death Certificate ) or /Nominee/Joint holder/ claimant then provide the Affidavit on Rs. 100/- stamp paper for name confirmation with mentioned all mismatched names.
Note 2 - If Claimant has provided the Digital Death Certificate copy then RM/Branch has to verify from the concern website and attach the print Screen.